The first oil output from a long-duration test in Brazil’s giant Libra offshore area will flow in the first quarter of 2017, platform joint operator Odebrecht Oil & Gas (OOG) said on Tuesday.
That is later than the 2016 second-half start forecast in June by Brazil’s state-run oil company Petroleo Brasileiro SA , or Petrobras, which manages exploration in Libra.
A Petrobras-led consortium won exploration and production rights to Libra, one of the world’s largest recent oil discoveries, in 2013. Total SA and Royal Dutch Shell Plc are also parts of the group, with 20 percent each, while Chinese state oil companies CNOOC Ltd and China National Petroleum Co got 10 percent each.
Brazil Energy Insight 
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